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Stock Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
14.61 15.00 14.48 14.47 -0.13
Entry Signal

MarketClub’s Trade Triangles for MRD

long term down The long term trend has been DOWN since Aug 1st, 2018 at 14.22

intermediate term up The intermediate term trend has been UP since Aug 7th, 2018 at 14.84

short term up The short term trend has been UP since Aug 2nd, 2018 at 14.46

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.61 15.00 14.48 14.47 -0.13
Prev. Close Volume Bid Ask Time
14.47 3300 2018-08-17 14:33:25
Year High15.95Year High Date2018-05-18
Year Low13.43Year Low Date2018-02-28
52wk High15.9552wk High Date2018-05-18
52wk Low13.4352wk Low Date2018-02-28
Year End Close15.75Average Volume3,813
Volatility13.18
Want to analyze MELCOR DEVELOPMENTS LTD MRD or another symbol? Try our Free Stock Trend Analysis Report.